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Dec 18, 2012
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why wine makers are saying the fiscal cliff fight is making their december all the merrier. somebody's happy. brand new stories and breaking news all "happening now." jon: a somber day in a town shattered by evil, filled with grief. two more of the 20 children murdered in their connecticut school being laid to rest today. this is a brand new hour of "happening now," i'm jon scott. jenna: hi, everybody, i'm jenna lee, and getting back to normal may seem all but impossible for the people of newtown, especially today, as mourners say good-bye to more innocent lives lost. while investigators examine the school and the gunman's home for evidence, folks are struggling to return to their daily routines. some of the town's other schools reopening today with stepped-up security, but it's hard to ignore the painful procession of funerals. you have two more tiny caskets arriving today at st. rose. right now a service is getting underway for jessica rekos, james man goally was buried earlier today. they were both just 6 years old. peter doocy's live in newtown with more on all of this.
why wine makers are saying the fiscal cliff fight is making their december all the merrier. somebody's happy. brand new stories and breaking news all "happening now." jon: a somber day in a town shattered by evil, filled with grief. two more of the 20 children murdered in their connecticut school being laid to rest today. this is a brand new hour of "happening now," i'm jon scott. jenna: hi, everybody, i'm jenna lee, and getting back to normal may seem all but impossible for...
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Nov 8, 2012
11/12
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we're at the fiscal cliff. the world is watching us. we lost our reputation as a country that solves problems together. i really believe that members are getting sick of government on the brink. we've been on the brink since april of 2011. there was, a near default, a partial shutdown of the faa. the failure of the super committee and now sequestration deathtrap cuts no one wants it go through it. congress has to do something. both parties share in that consensus. they're hoping that by christmas, by new year's eve they're going to do something. jon: what about the president though? he doesn't have to answer to voters again. some say he will be free to do whatever he wants, that, he may turn a more liberal page? >> you know, we, people debate this all the time, whether the president, i debate it with charles krauthamer often. he thinks he is an idealogue. i think he is a ego maniac. the president is looking for a move past another election to move past unpopular health care reform and i think he is probably willing to do something on a
we're at the fiscal cliff. the world is watching us. we lost our reputation as a country that solves problems together. i really believe that members are getting sick of government on the brink. we've been on the brink since april of 2011. there was, a near default, a partial shutdown of the faa. the failure of the super committee and now sequestration deathtrap cuts no one wants it go through it. congress has to do something. both parties share in that consensus. they're hoping that by...
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Dec 28, 2012
12/12
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economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the looming fiscal cliff includes a castilian dollars in custom military spending. it is called sequestration. many military experts are concerned about the impact of sudden spending cuts and how it could impact national security. molly henneberg has more on that this morning live from washington. reporter: the cost will be big. the cuts will be large. if we go over that fiscal cliff, that triggers fears of automatic spending cuts, and we are just looking at the defense piece today. the pentagon will face a cut of $492 billion. that is about a half trillion dollar
economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the looming fiscal cliff includes...
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Dec 31, 2012
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hours to go before we go over the fiscal cliff. a top lawmaker reporting progress in the last-ditch efforts to hammer out a deal in time. a health crisis lands secretary of state hillary clinton in the hospital, what doctors are telling us about her condition. plus, iran test firing a new range of weapons right near the strait of hormuz where a chunk of oil passes each day. the impact on the middle east and on our world, it's all "happening now." >> reporter: there is a note of optimism in the race to avoid the fiscal cliff. hello, everybody, i'm uma pemmaraju in for jenna lee today. jon: good to have you here. optimism is always a good thing in washington. that is in short supply. ringing in 2013 at midnight tonight could mean ringing in more than half a trillion dollars in tax hikes and a hundred billion dollars worth of spending cuts from defense and other key domestic programs, that is if no deal is reached in time to avert it. both the house and senate with rare new year's eve sessions today as they try to hammer out some sort
hours to go before we go over the fiscal cliff. a top lawmaker reporting progress in the last-ditch efforts to hammer out a deal in time. a health crisis lands secretary of state hillary clinton in the hospital, what doctors are telling us about her condition. plus, iran test firing a new range of weapons right near the strait of hormuz where a chunk of oil passes each day. the impact on the middle east and on our world, it's all "happening now." >> reporter: there is a note of...
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Nov 16, 2012
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>> i've been worried when people have talked about going off the fiscal cliff, right? it just doesn't make sense that we would be willing to do something that we know would put the country back into recession. and i know political negotiations are what they are, and everything's overly partisan in this town even when something so important as not only avoiding the cliff, but putting in place a big debt deal, but i also have seen incredible interest and openness to putting in place a deal both from president obama and leader boehner and a number of members of congress who are saying we can't put our head in the sand. we know that this has to be dealt with, and now is the moment to get started on it. so i'm worried when i hear people saying, well, if i don't get my way, i'll go off the cliff. and you hear that on both sides, frankly. but i'm also encouraged with the kinds of openings that you've heard from both sides about acknowledging what's true. we have to reform our tax code, and we have to raise more revenues, we have to reform our entitlement system in a way that
>> i've been worried when people have talked about going off the fiscal cliff, right? it just doesn't make sense that we would be willing to do something that we know would put the country back into recession. and i know political negotiations are what they are, and everything's overly partisan in this town even when something so important as not only avoiding the cliff, but putting in place a big debt deal, but i also have seen incredible interest and openness to putting in place a deal...
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Dec 27, 2012
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but the fiscal cliff will have happened. and one reason is i think it will be much too hard for the house to agree to a bill that uncouples the tax hikes. in other words, maybe raise taxes on one group, but not another group. that removes the leverage that i think republicans really feel they need in order to get the kind of spending cuts and entitlement reform that they feel is really just fundamental to reforming the nation's debt and the economy staring down a healthier path. so for that reason, yeah, i don't think they're going to have anything by the end of the week. jon: we just heard harry reid saying, oh, it's all john boehner's fault in the house of representatives. the president also seems to be pointing at the house. where does the truth lie here? i mean, who is, who needs to budge? >> well, technically the house and senate have each passed bills, but they don't agree on the bills that they've passed. for republicans i know from talking to even the most moderate republicans they are willing to vote for a tax rate
but the fiscal cliff will have happened. and one reason is i think it will be much too hard for the house to agree to a bill that uncouples the tax hikes. in other words, maybe raise taxes on one group, but not another group. that removes the leverage that i think republicans really feel they need in order to get the kind of spending cuts and entitlement reform that they feel is really just fundamental to reforming the nation's debt and the economy staring down a healthier path. so for that...
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Dec 20, 2012
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we are again taking concrete actions to avoid the fiscal cliff. >> mr. leader, i know that this bill was presented last night, sequester, mirrors a piece of legislation on the floor earlier in year, why that not made immediately part of the plan b since there was a such a hue and cry from your conference the initial part of plan b did not deal with the sequester and added in rushed fashion last night when people still haven't seen the bill. >> listen, our members in our conference have consistently been focused on addressing the spending problem. as you know last year we have focused primarily on trying to --. jon: house majority leader eric cantor, the number two republican, advocating the passage of speaker boehner's plan b, the plan that would raise taxes on those making a million dollars and more in this country. as you heard, preserve the current tax situation for more than 99% of the other americans. we'll see whether it passes. we'll see whether the president follows through with his promise to veto that. we'll be back with more "happening now" in
we are again taking concrete actions to avoid the fiscal cliff. >> mr. leader, i know that this bill was presented last night, sequester, mirrors a piece of legislation on the floor earlier in year, why that not made immediately part of the plan b since there was a such a hue and cry from your conference the initial part of plan b did not deal with the sequester and added in rushed fashion last night when people still haven't seen the bill. >> listen, our members in our conference...
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Nov 9, 2012
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and also on the minds of many americans, the fiscal cliff. a lot of us looking for ways to save on taxes before the bush era tax cuts expire at the end of the year. coming up, what you should be doing now to keep more of your hard-earned money, especially in your retirement account. >>> and iran firing on a u.s. drone over international waters, they claim. is it still an act of war? how should the u.s. respond? >> i can confirm that on november 1st at approximately 4:50 a.m. eastern daylight time an unarmed, unmanned u.s. military aircraft conducting routine surveillance over the arabian gulf was intercepted by iranian su-25 frogfoot aircraft and was fired upon with guns. it looks like. it's a good time, though, to look ahead to your financial future. and today we wanted to help you decide whether or not you need to change any of your investments, especially if you're saving for your retirement. patricia powell is founder and ceo of powell financial group, and, patricia, at any age -- it doesn't matter if you have $50 saved -- you want to sav
and also on the minds of many americans, the fiscal cliff. a lot of us looking for ways to save on taxes before the bush era tax cuts expire at the end of the year. coming up, what you should be doing now to keep more of your hard-earned money, especially in your retirement account. >>> and iran firing on a u.s. drone over international waters, they claim. is it still an act of war? how should the u.s. respond? >> i can confirm that on november 1st at approximately 4:50 a.m....
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Nov 29, 2012
11/12
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he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to really slash the federal budget. a group called citizens against government waste is calling for nearly $2 trillion in cuts the next five years. doug mckelway is live with the story. doug, how realistic is that goal? >> reporter: how realistic is the goal? not realistic at all. let's be honest about this. at least it is a benchmark we can strive for. citizens against government waste went through the federal budget, they identified $392 billion in cuts. $1.8 trillion in cuts over next five years. which totals 11% of the federal budget, none which touches the most c
he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to...
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Dec 21, 2012
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as you pointed out, we have the fiscal cliff. there's the potential for a meaningful rise in the capital gains tax. and for some homeowners, um, those homeowners where they realize fairly senate gains, they -- significant gains, they make a real profit on the sale of their home -- jenna: sure. >> they will face additional tax burden as that capital gains tax goes up. jenna: so there's a rush for them. in general for the markets, though, is this a good thing, to get some closings and to have a lot of activity at the end of the year? does that set us up at all for the year ahead? >> actually, think of it like the cash for clunkers program. if you were thinking about buying a car, then maybe three months from now, four months from now but you knew if you bought it today, you'd be able to take advantage of this tax credit. be the flip side is you now by doing it now, before december 31st, the tax implications, the tax bill that you'll face is potentially lower. so we're seeing that people might accelerate their time frame. they're se
as you pointed out, we have the fiscal cliff. there's the potential for a meaningful rise in the capital gains tax. and for some homeowners, um, those homeowners where they realize fairly senate gains, they -- significant gains, they make a real profit on the sale of their home -- jenna: sure. >> they will face additional tax burden as that capital gains tax goes up. jenna: so there's a rush for them. in general for the markets, though, is this a good thing, to get some closings and to...
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Dec 19, 2012
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ed henry will be up in 15 minutes about the very latest where do these fiscal cliff talks stand. more on that as we get it. jon: less than a week before christmas, passenger trains are down outside of seattle. two mudslides hit the rails yesterday. one in the morning, the other just a few hours later. look at this. the second one taking out a freight train, derailing seven cars! it is going to take weeks, we're told to move those cars off the tracks. and of course get rid of the mud. meanwhile other freight trains have been rerouted but, earning pa trains, are being held tomorrow for safety reasons. jenna: here's something to cheer about especially this time of the year. a live look at atlanta's international airport as thousands of army privates are passing through as they break from basic training to head home for christmas. senior correspondent john roberts is live at jackson hartsfield international airport. maybe doing push upcontests as they get off the plane? >> reporter: drop and give me 50. jenna this is where it all happens at atlanta airport, uso claim where they well
ed henry will be up in 15 minutes about the very latest where do these fiscal cliff talks stand. more on that as we get it. jon: less than a week before christmas, passenger trains are down outside of seattle. two mudslides hit the rails yesterday. one in the morning, the other just a few hours later. look at this. the second one taking out a freight train, derailing seven cars! it is going to take weeks, we're told to move those cars off the tracks. and of course get rid of the mud. meanwhile...
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Dec 12, 2012
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you were chatting about some of the fiscal cliff issues overall watching so closely. how do you prioritize here? how does egypt figure in this letter for example, to some of the other challenges we're facing as a country? >> well egypt is an international challenge for us and a foreign relations challenge for us but egypt has been prior to the revolution one of the more stablizing forces in the middle east. there's a huge election that started today in embassies around the world for egyptians and will culminate this saturday when they start the vote on the new constitution. there is a lot of concern about the new constitution. a lot of concern about the power it gives president morsi. that will be a major issue for us in the united states. jenna: how concerned are you some of the smuggle abouted weapons will be turned on us? >> the smuggled weapons won't be turned on us per se. but because of our pact to defend israel if they attack israel they are attack the united states. jenna: you said we don't need a threat now? >> we need diplomacy to work and president morsi to
you were chatting about some of the fiscal cliff issues overall watching so closely. how do you prioritize here? how does egypt figure in this letter for example, to some of the other challenges we're facing as a country? >> well egypt is an international challenge for us and a foreign relations challenge for us but egypt has been prior to the revolution one of the more stablizing forces in the middle east. there's a huge election that started today in embassies around the world for...
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Nov 28, 2012
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he is pushing his plan to try to avoid the year-end fiscal cliff. this speech comes ahead of a meeting between the president and business leaders later today discussing actions the white house says are aimed at growing the economy and finding a quote, balanced approach to reducing the nation's deficit. let's bring in our panel. mary katharine ham editor-at-large of hot air.com and fox news contributor. peter mirijanian former advisor to the clinton-gore and gore-lieberman campaigns. when the president arrives at the white house to speak, he will have people behind him, ordinary americans who reached out to the white house and want their $2,000 middle class tax cut preserved. republicans are saying this is essentially a campaign stunt, a campaign appearance kind of event of the he won the election. he should get on the business of governing. what do you say? >> well, one quick observation, jon. i think what you're seeing, what i think is interesting the first social media presidency. this administration using technology and using social media to adva
he is pushing his plan to try to avoid the year-end fiscal cliff. this speech comes ahead of a meeting between the president and business leaders later today discussing actions the white house says are aimed at growing the economy and finding a quote, balanced approach to reducing the nation's deficit. let's bring in our panel. mary katharine ham editor-at-large of hot air.com and fox news contributor. peter mirijanian former advisor to the clinton-gore and gore-lieberman campaigns. when the...
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Dec 3, 2012
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is your company hiring and what about this fiscal cliff? how big of an issue is that for your company. >> our company absolutely is hiring. we do business in almost 50 countries. we are fortunate to provide johns all over the world but definitely in the united states we are hiring corporate positions, hourly positions, our franchise partners are hiring management employees especially through the busiest time of year, the retail season to tkpwroeu thgrow the business. as for the fiscal cliff it's frightening, but i have to have a level of faith and belief that our elected officials, and current and growing administration will figure out a way to make sure that we continue to prosper as a country and small business owners like my franchisees still have a strong and productive business climate in wish to run their businesses. jenna: i bet our viewers are probably saying, she would be good in government. do you think you'll ever go in that direction. >> you never know. i enjoy being in the private sector, investing in our communities and being
is your company hiring and what about this fiscal cliff? how big of an issue is that for your company. >> our company absolutely is hiring. we do business in almost 50 countries. we are fortunate to provide johns all over the world but definitely in the united states we are hiring corporate positions, hourly positions, our franchise partners are hiring management employees especially through the busiest time of year, the retail season to tkpwroeu thgrow the business. as for the fiscal...
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Dec 11, 2012
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but remember, he has to strike a fiscal cliff deal. that deal is likely to contain some things unions don't like. that is some of the politics going on right now. rick: bob cusack, managing editor of "the hill." thanks so much. >> thanks, rick. >> there are three elements to this. growth, reduction in spending, and raising of revenues. we have already voted for, we, democrats voted for over a trillion dollars in cuts and spending. that was part of the budget control act and that's part of how we should go forward. jenna: that was house minority leader nancy pelosi late last month,g democrats in congress support ad trillion dollars in federal spending cuts. with so much of the fight over that looming fiscal cliff focusing on tax rates we want to look at that claim, that claim specific to spending to see how it stands up with the facts. doug mckelway is live in washington with more on this story. >> reporter: good morning, jenna. the republicans claim democrats are solely focused on raising tax rates not spending cuts. democrats counter
but remember, he has to strike a fiscal cliff deal. that deal is likely to contain some things unions don't like. that is some of the politics going on right now. rick: bob cusack, managing editor of "the hill." thanks so much. >> thanks, rick. >> there are three elements to this. growth, reduction in spending, and raising of revenues. we have already voted for, we, democrats voted for over a trillion dollars in cuts and spending. that was part of the budget control act...
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Dec 6, 2012
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talking fiscal cliff we think. that's next. >> i --. >> [inaudible]. >> i did not understand his statement in the way you characterized it. i think the way i heard it and way i think it was not as a threat we'll go over if they don't, it was a prediction if there is no agreement, then, the fiscal cliff has to be dealt with. but i didn't see it as if they don't do this we do that. i saw it as a statement of fact. it is not a threat. it is a prediction. if there is no agreement, go over the cliff. let's hope we can have an agreement. jon: those remarks just into our fox newsroom from house minority leader nancy pelosi moments ago saying republicans are avoiding the conversation on the fiscal cliff. meantime we're awaiting new reaction from white house press secretary jay carney. there is a live look at the podium in the west wing. you can see it is empty right now. jay carney should be stepping up to the microphone momentarily and we expect the topic a is going to be the fiscal cliff and the white house position on i
talking fiscal cliff we think. that's next. >> i --. >> [inaudible]. >> i did not understand his statement in the way you characterized it. i think the way i heard it and way i think it was not as a threat we'll go over if they don't, it was a prediction if there is no agreement, then, the fiscal cliff has to be dealt with. but i didn't see it as if they don't do this we do that. i saw it as a statement of fact. it is not a threat. it is a prediction. if there is no agreement,...
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Nov 9, 2012
11/12
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and also on the minds of many americans, the fiscal cliff. a lot of us looking for ways to save on taxes before the bush era tax cuts expire at the end of the year. coming up, what you should be doing now to keep more of your hard-earned money, especially in your retirement account. >>> and iran firing on a u.s. drone over international waters, they claim. is it still an act of war? how should the u.s. respond? >> i can confirm that on november 1st at approximately 4:50 a.m. eastern daylight time an unarmed, unmanned u.s. military aircraft conducting routine surveillance over the arabian gulf was intercepted by iranian su-25 frogfoot aircraft and was fired upon with guns. jon: let's take a look at some of the stories making headlines right now. military jets called in to escort a united airlines flight landing in washington's dulles airport. the crew reported an emergency when a passenger praying in the aisle refused to follow instructions for landing. >>> some 250,000 cars caught in the flooding from superstorm sandy could soon be heading to
and also on the minds of many americans, the fiscal cliff. a lot of us looking for ways to save on taxes before the bush era tax cuts expire at the end of the year. coming up, what you should be doing now to keep more of your hard-earned money, especially in your retirement account. >>> and iran firing on a u.s. drone over international waters, they claim. is it still an act of war? how should the u.s. respond? >> i can confirm that on november 1st at approximately 4:50 a.m....
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Nov 15, 2012
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away from the edge of the so-called fiscal cliff. president obama says he will push to raise taxes on the wealthy. but he is open to alternatives just as long as the middle class does not get hurt. house speaker john boehner seems optimistic about these negotiations. >> we can all imagine a scenario where we go off the fiscal cliff. if, if despite the election, if despite the dangers of going over the fiscal cliff and what that means for our economy that there's too much stubbornness in congress that we can't even agree on giving middle class family as tax cut, then, middle class families will all end up having a big tax hike. >> there are no barriers here to sitting down and beginning to work through this process. i don't think anyone on either side of the aisle underestimates the difficulty that faces us. but i do think that the spirit of cooperation that you have seen over the last week from myself and my team, from democrats across the aisle, from the president, have created an atmosphere where i think that, i'm, remain optimisti
away from the edge of the so-called fiscal cliff. president obama says he will push to raise taxes on the wealthy. but he is open to alternatives just as long as the middle class does not get hurt. house speaker john boehner seems optimistic about these negotiations. >> we can all imagine a scenario where we go off the fiscal cliff. if, if despite the election, if despite the dangers of going over the fiscal cliff and what that means for our economy that there's too much stubbornness in...
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Dec 24, 2012
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it seems all plans to avert the fiscal cliff is in complete disarray. we have house speaker john boehner declaring god only knows how a deal can be reached now. what are you hearing from lawmakers about their concerns? >> what i've heard from lawmakers on both sides of the aisle and it's the only point of consensus i have ever heard throughout this whole thing is a bad deal is worse than no deal. there are many democrats and republicans who don't buy the idea that we are actually going to go over some fiscal cliff that is going to cause some horrible calamity. they are worried that everybody's taxes are going to go up, and of course they are worried voters aren't going to be too happy about that. they worry about its effects on the economy. a lot of people on both sides of the aisle who are committed to their philosophical points of view think that it's better to let this thing go into january and february and try and workout a good deal from their point of view, than to rush something that they don't feel would be that great. and, again, part of that i
it seems all plans to avert the fiscal cliff is in complete disarray. we have house speaker john boehner declaring god only knows how a deal can be reached now. what are you hearing from lawmakers about their concerns? >> what i've heard from lawmakers on both sides of the aisle and it's the only point of consensus i have ever heard throughout this whole thing is a bad deal is worse than no deal. there are many democrats and republicans who don't buy the idea that we are actually going to...
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Dec 13, 2012
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jenna: a big topic inside this country is the fiscal cliff. we're minutes away from john boehner and his weekly press conference. the house speaker is expected to address the latest on negotiations in reaching any sort of a dealer who. we're less than three weeks to the january 1st deadline aft great deal of work needs to be done so the legislation can work through all the procedures in congress. mike emanuel is familiar with all that and joins us from capitol hill. any progress today? >> reporter: jenna we'll be waiting to listen to the carefully to the speaker's tone. obviously the key person in terms of negotiations on the republican side. at this point it feels like there is really a lack of trust on both sides. democrats are essentially saying if republicans came forward, gave us more tax revenue, we would have a deal very quickly. republicans act like it's charlie brown and the football essentially saying okay we come forward with the tax revenue and we ask you about spending cuts you are like lucy and you pull the football away and we f
jenna: a big topic inside this country is the fiscal cliff. we're minutes away from john boehner and his weekly press conference. the house speaker is expected to address the latest on negotiations in reaching any sort of a dealer who. we're less than three weeks to the january 1st deadline aft great deal of work needs to be done so the legislation can work through all the procedures in congress. mike emanuel is familiar with all that and joins us from capitol hill. any progress today? >>...
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Nov 30, 2012
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. >>> one person in missouri not so worried about the fiscal cliff. he or she is ready for a huge payday. powerball officials there set to reveal one to have two winners of that jackpot topping half a billion dollars. we'll tell you who it is. >>> and this photo was just recently taken, but it's already iconic. a new york city cop buying boots for a homeless man on a bitterly cold night. you'll hear from the officer coming up. brand new stories and breaking news on this second hour of ow howe. "happening now." jenna: we're going straight to the president who's in pennsylvania. he's actually at a toy factory, that's what's behind him. in this factory th makes kinects brand toys, the president making this appearance to talk about a fiscal cliff as well. so we're going to listen in to what he has to say potentially about these negotiations. [cheers and applause] >> i want to thank michael erickson, robert glickman and the inventer of kinects, joel glickman, for hosting me today and giving me a great tour. where'd they go? stand up, stand up so everybody
. >>> one person in missouri not so worried about the fiscal cliff. he or she is ready for a huge payday. powerball officials there set to reveal one to have two winners of that jackpot topping half a billion dollars. we'll tell you who it is. >>> and this photo was just recently taken, but it's already iconic. a new york city cop buying boots for a homeless man on a bitterly cold night. you'll hear from the officer coming up. brand new stories and breaking news on this second...
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Dec 4, 2012
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jenna: with the united states heading towards that fiscal cliff house republicans are now offering up a plan of their own to avert that combination of spending cuts and tax hikes. it's set to welcome us all on january 1st if they don't have an agreement. i'm jenna lee. jon: some kind of welcome that would be. i'm jon scott. within hours of seeing the proposal the white house slammed the g.o.p. offer saying quote their plan provides nothing new and provides no details on what deductions they'll limb nature, loopholes they will close or which medicare savings they would achieve. house speaker john boehner inc insists his offer is the best one on the table calling it a credible plan that deserves serious consideration by the white house. jenna: mike emanuel is with us. certainly a challenge to find this ideal plan. what is holding it up. >> reporter: the chairman of the senate budget committee wants a large come proceed hence i have deal in the range of $5 trillion and says a grand bargain can get done if everybody kaoels cool and doesn't overreact to every valley over the net. he this i
jenna: with the united states heading towards that fiscal cliff house republicans are now offering up a plan of their own to avert that combination of spending cuts and tax hikes. it's set to welcome us all on january 1st if they don't have an agreement. i'm jenna lee. jon: some kind of welcome that would be. i'm jon scott. within hours of seeing the proposal the white house slammed the g.o.p. offer saying quote their plan provides nothing new and provides no details on what deductions they'll...
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Nov 13, 2012
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it is about this so-called fiscal cliff. who the president is talking to and what he is saying about reducing the debt and tax hikes as well. that story is coming up. >>> plus the investigation that led to the resignation of a cia chief. why there could be major legal fallout over what the fbi did. we'll go in depth with judge napolitano next. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. n
it is about this so-called fiscal cliff. who the president is talking to and what he is saying about reducing the debt and tax hikes as well. that story is coming up. >>> plus the investigation that led to the resignation of a cia chief. why there could be major legal fallout over what the fbi did. we'll go in depth with judge napolitano next. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at...
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Dec 5, 2012
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when you think about the story, you wonder why can't we do the fiscal cliff thing? >> reporter: right. jenna: if we can put somebody in space for a year. >> reporter: we need to ask our lawmakers, right. jenna: casey, incredible story. gregg: you can put the man on the moon but you can't --. all right. researchers may have found what could be the earliest known dinosaur to walk the earth. the mysterious fossil found lurking in the corridors of london's natural history museum. they believe the dinosaur about the size after labrador dog lived 145 million years ago give or take a year. that would be 10 to 15 million years earlier than any other previously discovered examples. jenna: you say a labrador. gregg: that looked a little bit bigger than a labrador. might have been a really big lab bro door. -- labrador. jenna: that is really interesting. what to do about big super storms. a big debate in coastal community after hurricane sandy. is building bigger sea walls an answer [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ wh
when you think about the story, you wonder why can't we do the fiscal cliff thing? >> reporter: right. jenna: if we can put somebody in space for a year. >> reporter: we need to ask our lawmakers, right. jenna: casey, incredible story. gregg: you can put the man on the moon but you can't --. all right. researchers may have found what could be the earliest known dinosaur to walk the earth. the mysterious fossil found lurking in the corridors of london's natural history museum. they...
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Nov 22, 2012
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but it does go back to that issue of the fiscal cliff. you notice what's happened on the stock market. every time it looks like they're going to get around this problem, the stock market booms. every time the negotiations stall, the stock market loses value. so everybody's going to be paying very close attention to this. rick: how optimistic are you, steve, on the chances of a deal on the fiscal cliff, and if there is a deal, what could that mean for the economy as a whole? >> well, you know, i think at the optimal outcome is not to raise taxes on anybody. i do think that if the president has his way and those taxes go up on investors and businesses, it's hard to see where the jobs are going to come from next year. as you know, we still have over 20 million people without a full-time job. so i think getting around this crisis in a way where everybody agrees not to raise taxes on anybody, we go into 2013, maybe that could be the year. and, boy, what a great christmas present this would be, if we actually throw out the tax system and start
but it does go back to that issue of the fiscal cliff. you notice what's happened on the stock market. every time it looks like they're going to get around this problem, the stock market booms. every time the negotiations stall, the stock market loses value. so everybody's going to be paying very close attention to this. rick: how optimistic are you, steve, on the chances of a deal on the fiscal cliff, and if there is a deal, what could that mean for the economy as a whole? >> well, you...
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Nov 12, 2012
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rick: the fiscal cliff one of many issues folks seem to want the bipartisan agreement on. but after the record $6 billion campaign blitz left political control in washington completely unchanged will we see any break to the gridlock? time for a fair and balanced debate. simon rosenberg, president and founder of ndn. former clinton campaign advisor. pete snyder, chairman of virginia victory 2012. a fox news contributor. pete, cooperation, how much and where? >> well i think this is a tremendous opportunity for barack obama to lead. he chose not to do that at the start of his administration in 08. instead of focusing on the economy went right after obamacare. he is basketball player. i think he could pull the ultimate head fake and actually not raise rates on small businesses. the markets would soar. he would get a lot of goodwill. he gets the budget in place and doesn't touch tax rates on small businesses, i think his approval ratings and market goes through the roof. rick: i had thought maybe we would hear from pete where the republicans would be willing to compromise inst
rick: the fiscal cliff one of many issues folks seem to want the bipartisan agreement on. but after the record $6 billion campaign blitz left political control in washington completely unchanged will we see any break to the gridlock? time for a fair and balanced debate. simon rosenberg, president and founder of ndn. former clinton campaign advisor. pete snyder, chairman of virginia victory 2012. a fox news contributor. pete, cooperation, how much and where? >> well i think this is a...
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Dec 26, 2012
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there is no question the economy wants a solution to the fiscal cliff issue. they want to get it behind us. as you know we have only got a week to go. jamie: it will be interesting to see percentage of returns for retailers. they could get hit mr. the hard. people say i take the cash instead. >> right. jamie: how important is consumer spending to the overall healthiness of the economy? >> sure, it's a big factor. i mean, look, there's two major sectors of the economy. with your money you can either consume it or that is important and or you can invest it, that is important to. when consumers hold back no question retail sector of the economy gets hit hard with a slowdown in business activity. by symptom estimates two third of our economy is retail sector where people spend money as consumers. jamie: so the numbers count. quick, steve, out of curiosity since you follow this stuff and you know money, did you buy less this year than you used to? >> you know, gee, i have to see my credit card bill before i answer that we did pretty well and i took in a pretty good
there is no question the economy wants a solution to the fiscal cliff issue. they want to get it behind us. as you know we have only got a week to go. jamie: it will be interesting to see percentage of returns for retailers. they could get hit mr. the hard. people say i take the cash instead. >> right. jamie: how important is consumer spending to the overall healthiness of the economy? >> sure, it's a big factor. i mean, look, there's two major sectors of the economy. with your...
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Dec 10, 2012
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the fiscal cliff crisis and what going off it could actually mean for us. there seems to be little disagreement what this is all about. take a listen. >> when you're addicted to debt, 16 trillion bucks and you're in the hole, one trillion, and the markets will jump in and nobody will know when that is. the tippingpoint was always described by dick durbin, when will it happen? when it happens interest rates will go up, inflation will go up and guy that gets hurt the worst is the little guy. >> i think the overhyping of deficit, the deficit mania that is seized this town is kind of crazy. i mean i love alan simpson and erskine bowles, they're talking about inflation at a moment when people are paying us money to invest in our treasury bonds? jenna: charles payne, fox business network. he has his own list what we should worry about, charles, who is right here? >> reporter: i got to tell you the idea people are giving us money, america to our treasury bonds doesn't necessarily mean it is a vote of confidence in america. means the alternatives, traditional alter
the fiscal cliff crisis and what going off it could actually mean for us. there seems to be little disagreement what this is all about. take a listen. >> when you're addicted to debt, 16 trillion bucks and you're in the hole, one trillion, and the markets will jump in and nobody will know when that is. the tippingpoint was always described by dick durbin, when will it happen? when it happens interest rates will go up, inflation will go up and guy that gets hurt the worst is the little...
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Dec 7, 2012
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he's struggling to avoid going over the fiscal cliff. he's facing growing criticism from members of his own party, the speaker removing four conservative congressman from key committees, the move seen by some as a way to close ranks over a potential fiscal cliff deal with the white house. outside conservative groups are voicing their displeasure saying speaker john boehner could even lose his speakership. carl cameron joins us live in washington. so he has a lot of problems with conservatives right now, car. >> reporter: sure it's not just off the hill. some of the members on the hill. fiscal conservatives are once again whispering, in some cases outwardly and openly explaining about house speaker john boehner and his handling of the negotiations with the white house. john boehner's proposal to increase revenue $800 billion by closing tax loopholes and reforming the code has real problems for some house republicans, most of whom actually campaigned promising to at least hold the line if not cut taxes. this week john boehner tossed four c
he's struggling to avoid going over the fiscal cliff. he's facing growing criticism from members of his own party, the speaker removing four conservative congressman from key committees, the move seen by some as a way to close ranks over a potential fiscal cliff deal with the white house. outside conservative groups are voicing their displeasure saying speaker john boehner could even lose his speakership. carl cameron joins us live in washington. so he has a lot of problems with conservatives...
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Nov 26, 2012
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jon: as the fiscal cliff looms some republicans say they will break their longstanding pledge not to raise taxes. a fair and balanced debate on that minutes ahead. >>> a mall brawl breaks out on black friday, one of the busiest shopping days of the year. you won't believe what started this one. [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networ
jon: as the fiscal cliff looms some republicans say they will break their longstanding pledge not to raise taxes. a fair and balanced debate on that minutes ahead. >>> a mall brawl breaks out on black friday, one of the busiest shopping days of the year. you won't believe what started this one. [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know,...
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Dec 17, 2012
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jon: some late-breaking news on the looming fiscal cliff. we are just getting word president obama and house speaker john boehner are meeting at the white house. this as new details are coming to light about a possible deal with negotiators reportedly finding common ground on both spending cuts and higher taxes as well. chief congressional correspondent mike emanuel live on capitol hill. mike? >> reporter: well, jon, we understand that that white house meeting between president obama and speaker boehner wrapped up just moments ago. it lasted 45 minutes, and aides are saying we will not get a readout, but there certainly has been a flurry of activity on the fiscal cliff front. aides to speaker boehner say in a friday phone call to the president the speaker offered to extend the bush tax cuts for those making up to a million dollars so, therefore, those above a million dollars would pay slightly higher taxes in exchange for spending cuts and entitlement reform. let's take a look at the framework of a possible fiscal cliff deal. it includes $1
jon: some late-breaking news on the looming fiscal cliff. we are just getting word president obama and house speaker john boehner are meeting at the white house. this as new details are coming to light about a possible deal with negotiators reportedly finding common ground on both spending cuts and higher taxes as well. chief congressional correspondent mike emanuel live on capitol hill. mike? >> reporter: well, jon, we understand that that white house meeting between president obama and...
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Aug 22, 2012
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and predicting if we jump off the fiscal cliff looming at the end of the year, the tax increases and the spending cuts that would follow will send the country back into a recession. take a listen. >> if allowed to occur those sharp reductions in taxes and sharp reductions in federal spending and increases in taxes will lead to a dramatic reduction in the federal deficit, trimming it by almost $500 billion next year. that would be a significant tightening of fiscal policy and would probably lead to a recession early next year. uma: adam shapiro of the fox business network is standing by with more on this. adam, this is really sobering news at a time many were hoping we would work out way out of a recession even with a weak recovery. >> reporter: that's correct, uma. the white house and congress are unable to come to agreement on a deal to extend the bush tax cuts and keep us going off what everyone calls the fiscal cliff. now you have cbo painting very clearly how dire this will be. as you look at money rolling off printing presses, keep in mind if we go off the cliff we will reduce t
and predicting if we jump off the fiscal cliff looming at the end of the year, the tax increases and the spending cuts that would follow will send the country back into a recession. take a listen. >> if allowed to occur those sharp reductions in taxes and sharp reductions in federal spending and increases in taxes will lead to a dramatic reduction in the federal deficit, trimming it by almost $500 billion next year. that would be a significant tightening of fiscal policy and would...
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this fiscal cliff will be dealt with on november 7th. jon: the sequestration cuts that we've been talking about, the cuts to the pentagon, were designed to be absurd. they were designed to be so onerous and so crazy that no member of congress, nobody in the administration was going to let them happen, and yet here we are, what, five months away or so. and people are talking about the real possibility that they could happen. >> it's not very real though, jon. the thing is when the debt deal was reached on august 2nd of 2011, um, this was a real hoax they played on the american people. both parties decided to punt this to a supercommittee. they knew the supercommittee would not come up with this grand bargain that is so elusive that no one will agree to. indeed, the triggered cuts known as sequestration were going to take place. all along, though, when they wrote this into the law, they knew these could be undone between november 7th and christmas eve morning of 2012. so they still have time to stop them. it's getting later, it's getting m
this fiscal cliff will be dealt with on november 7th. jon: the sequestration cuts that we've been talking about, the cuts to the pentagon, were designed to be absurd. they were designed to be so onerous and so crazy that no member of congress, nobody in the administration was going to let them happen, and yet here we are, what, five months away or so. and people are talking about the real possibility that they could happen. >> it's not very real though, jon. the thing is when the debt...
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is it the fiscal cliff? higher costs? not enough skilled workers? we're hearing a lot of variety of things from the campaign trail. what do you lear. >> i don't think there is smoking guns. i don't think a u.s. economy growing less than go% where we are would suggest much job growth than we've seen. the world is in a slow path to say the least. this overhang of political uncertainty and potentially fiscal cliff at the margin maybe one more excuse not to do any hiring. firing levels have stopped. there is not a layoff wave going on here. it is all about companies nursing themselves with what they have. if you tell the average business person the economy will be 1.7% bigger next year than it is right now they could probably do most of what they need to do with who they have on the payroll right now. >> yeah, but mike? jenna: go ahead, steve. >> you're missing a point which is one of the real negative overhangs on economy holding down employment is this big tax time bomb that will go off january 1st. businesses don't want to hire workers, jenna if the
is it the fiscal cliff? higher costs? not enough skilled workers? we're hearing a lot of variety of things from the campaign trail. what do you lear. >> i don't think there is smoking guns. i don't think a u.s. economy growing less than go% where we are would suggest much job growth than we've seen. the world is in a slow path to say the least. this overhang of political uncertainty and potentially fiscal cliff at the margin maybe one more excuse not to do any hiring. firing levels have...
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Oct 26, 2012
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economy as we get a stunning new report on the potential impact of the looming fiscal cliff. signs businesses are already struggling as washington drags its feet on that. >>> plus a severely injured baseball fan back in the ballpark. an update on brian stow who went to a ballgame and ended up in a coma. his case against the accused coming up follow the wings. jon: fox news alert. some of the latest stats on u.s. economic growth. the commerce department saying the economy grew at a 2% rate from july through september. that's up from 1.3% in the previous quarter. rich edson of the fox business network joins us now. so what's behind this increase, rich? >> reporter: jon, government spending helped. up nearly 10% in the third quarter. defense spending increases 13%. other government spending was up 3%. consumer spending was up 2%. boosting growth a recovering housing market. governor mitt romney is speaking about the economy in iowa. he is releasing a statement in this morn's gdp report. slow economic growth means slow job growth and declining take home pay. this is what four yea
economy as we get a stunning new report on the potential impact of the looming fiscal cliff. signs businesses are already struggling as washington drags its feet on that. >>> plus a severely injured baseball fan back in the ballpark. an update on brian stow who went to a ballgame and ended up in a coma. his case against the accused coming up follow the wings. jon: fox news alert. some of the latest stats on u.s. economic growth. the commerce department saying the economy grew at a 2%...
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Nov 2, 2012
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cliff. now i think both sides want it to happen, however, there is, there has been some stubbornness on the part of both sides on some very key issues and the fiscal cliff would represent a departure in the gdp. we could actually end up seeing gdp growth, closer to zero and that's going to show up in jobs numbers. jenna: that is good context for us because whoever wins the election next week on tuesday that same congress is returning and that same congress will have to deal with some very big problems we have ahead for us in the country over next couple months. great to see you again. >> thanks very much for having me. jon: well, recovery from superstorm sandy has an additional component now. the ongoing search for gasoline in new york and new jersey. patience also in short supply across that region as drivers who actually can find a gas station open have to deal with lines like this one stretching literally for miles. >> no gas. they just closed. >> oh, my god. >> how long have you been wai
cliff. now i think both sides want it to happen, however, there is, there has been some stubbornness on the part of both sides on some very key issues and the fiscal cliff would represent a departure in the gdp. we could actually end up seeing gdp growth, closer to zero and that's going to show up in jobs numbers. jenna: that is good context for us because whoever wins the election next week on tuesday that same congress is returning and that same congress will have to deal with some very big...